Oracle, Boeing, Tesla rise premarket; Trimble falls
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, December 13th. Please refresh for updates.
Oracle (NYSE: ORCL) stock rose 3% after the software giant posted better-than-expected revenue in the second quarter, benefiting from strong demand for its cloud software services and the acquisition of electronic medical records firm Cerner.
Boeing (NYSE: BA) stock rose 1.9% after United Airlines (NASDAQ: UAL), down 1%, announced plans to buy 100 Dreamliners, with the option to buy 100 more, to replace its aging wide-body fleet.
- Tesla (NASDAQ: TSLA) stock rose 1.6%, bouncing after slumping over 6% to a two-year low on Monday amid concerns that CEO Elon Musk is increasingly distracted by his acquisition of Twitter.
Trimble (NASDAQ: TRMB) stock fell 7.2% after the software company announced plans to acquire transport logistics firm Transporeon for roughly $2 billion.
Ford (NYSE: F) stock rose 0.8% after the auto giant's electric F-150 Lightning was named the MotorTrend's 2023 truck of the year, beating out a series of traditional pickups with internal combustion engines.
- Coinbase (NASDAQ: COIN) stock rose 1.4% with the cryptocurrency exchange platform benefiting from Bitcoin's gains, with the digital currency seen as a relative safe haven in the asset class.
- Pinterest (NYSE: PINS) stock rose 3.8% after Piper Sandler upgraded its stance on the social media platform to 'overweight' from 'neutral', saying the stock can jump more than 25% on a stronger ad outlook.